Thangamayil Jewellery Limited has announced the opening of a new branch in Chengalpattu, Tamil Nadu, marking another milestone in the company's retail expansion strategy. The jewellery retailer informed stock exchanges about this development on December 15, 2025, under Regulation 30 disclosure requirements.

Branch Opening Details

The company opened its new branch in Chengalpattu on Sunday, December 14, 2025. This expansion strengthens Thangamayil Jewellery's presence in Tamil Nadu, where it operates multiple retail outlets across various cities. The new store is strategically positioned to boost local presence and enhance customer access in the region.

Regulatory Compliance

The company notified both BSE Limited and National Stock Exchange of India Limited about the branch opening. The notification was signed by N.B. Kumar, Joint Managing Director of Thangamayil Jewellery Limited, ensuring compliance with stock exchange disclosure requirements.

Company Operations

Thangamayil Jewellery Limited operates from its registered office at Netaji Road, Madurai, and maintains its corporate office at Palamicenter, Narayanapuram, Madurai. The company continues to expand its retail footprint across Tamil Nadu, serving customers through multiple touchpoints including physical stores and digital platforms.

Thangamayil Jewellery , a prominent player in the Indian jewelry market, has witnessed a remarkable surge in its stock price, reaching new heights on the back of impressive quarterly results. The company's shares have rallied over 53% in just five trading sessions, touching an all-time high of Rs 3,144.00.

Strong Q2 Performance

The jeweler's stellar performance in the September quarter has been the primary driver behind this surge. Here's a breakdown of the key financial metrics:

The company has shown a remarkable turnaround, moving from a loss in the previous year to a substantial profit in the current quarter.

October Performance

Thangamayil Jewellery's growth momentum continued into October, with the company achieving a significant milestone:

• Revenue crossed Rs 1,000.00 crore for the first time
• October revenue surged 178% year-over-year to Rs 1,032.00 crore
• Gold ornament volumes increased by 77% to 764 kg

Technical Analysis

Technical analysts have noted several key points regarding the stock's performance:

• The stock has broken out from a year-long consolidation pattern
• Strong trading volumes have accompanied the breakout
• Momentum indicators are currently in overbought territory

Outlook and Support Levels

Analysts suggest watching for potential dips, with key support levels identified:

• Support levels: Rs 2,800.00 - Rs 2,570.00
• Key level to watch: Rs 2,600.00 - Rs 2,800.00

If the stock maintains its position above the Rs 2,600.00 - Rs 2,800.00 range, analysts see potential upside targets of Rs 3,300.00 - Rs 3,500.00.

Investors are advised to conduct thorough research and consider their risk appetite before making investment decisions, as past performance does not guarantee future results.